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100
Mar 11, 2013
03/13
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in the u.s. the consumer still is facing some headwinds. consumers in the u.s. are still deleveraging. again, if you're looking for growth opportunities, looking at folks that target overseas customers would probably be a better bet. here, companies that are more focused domestically, the value plays maybe look a little better. >> good to see you both, thank you for your thoughts, good stuff. >>> mayor bloomberg is responding to that judge decision to halt the new york city soda ban. >> absolutely, quite a lot of details are coming out here, maria. for a starter, the new york state judge who invalidated that ban on large sugary drinks over 16 ounces and above is saying the ban would be unevenly and arbitrarily enforced and is capricious. the judge says quote-unquote, some but not all food establishments in the city, it excludes other beverages of significantly higher concentrations of sweeteners and or calories. the loopholes, including the fact that there are no limits on refills served, gut the purpose of the ban. here is the response tweeted out, sign of the
in the u.s. the consumer still is facing some headwinds. consumers in the u.s. are still deleveraging. again, if you're looking for growth opportunities, looking at folks that target overseas customers would probably be a better bet. here, companies that are more focused domestically, the value plays maybe look a little better. >> good to see you both, thank you for your thoughts, good stuff. >>> mayor bloomberg is responding to that judge decision to halt the new york city soda...
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153
Mar 5, 2013
03/13
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it's not just u.s. growth and from that perspective i think we're turning the dial a little bit on the upside. >> my friend rick santelli. you've seen many investments hit all-time highs in the past over the years. how do you assess the mood of this market as the dow sets a record today? >> i think it reminds me a lot of a parabolic move in slow motion for the old type commodity trade, so i think you have to pay very close attention, and i'd like to build on what andres started. let's look at some charts. two sets of charts. the dow jones industrial average along with the ten-year so he was right. we were over 4%. we were way over. in october -- on october 9th of 2007 we were at 4.65. you can also see a close-up and let's look at the ten-year boon against the german dax and it's a very similar scenario. they were at a yield of 4.32 so what's bugging everybody at the epicenter of the anxiety is this notion that in the old days you had good data, solid economy, upward stocks, upwar interest rates. what do
it's not just u.s. growth and from that perspective i think we're turning the dial a little bit on the upside. >> my friend rick santelli. you've seen many investments hit all-time highs in the past over the years. how do you assess the mood of this market as the dow sets a record today? >> i think it reminds me a lot of a parabolic move in slow motion for the old type commodity trade, so i think you have to pay very close attention, and i'd like to build on what andres started....
600
600
Mar 25, 2013
03/13
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you've got the bank of japan, u.s. fed, ecb. everybody's adding liquidity. >> there's plenty of money. >> that doesn't mean there's no risk in the market. smart investors shouldn't try to time things but look at high quality dividend paying stocks. matt and i were talking beforehand. we both agree that's the best place to be. the thing you should be doing right now in terms of paring back risks. >> did he give away your schpiel there? >> if you look at a stock leading s&p year to date it's netflix. 14 times price to book. in cincinnati we say that's a little bit overvalued. look at dividend paying stocks. they're cheaper from a pe perspective, price book perspective. they're paying you more to own them. i think there's going to be rotation into the higher quality names. i just don't know what the catalyst is. >> we keep hearing it. this is very much a stock picker's market. you got to be mindful of individual stox and not try and look at the overall market. >> this is a momentum based market. today volatility starts to pick up.
you've got the bank of japan, u.s. fed, ecb. everybody's adding liquidity. >> there's plenty of money. >> that doesn't mean there's no risk in the market. smart investors shouldn't try to time things but look at high quality dividend paying stocks. matt and i were talking beforehand. we both agree that's the best place to be. the thing you should be doing right now in terms of paring back risks. >> did he give away your schpiel there? >> if you look at a stock leading...
138
138
Mar 8, 2013
03/13
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in the u.s. it's about 32%. we had a trend, a theme emerge this week on this program reluctantly bullish. reluctantly long this market. a lot of guys coming through here saying we're still long this market even though we're reluctant to do so because of these valuations and the level where we are. are you among them? >> i think i understand that point of view. if you think what investors have had to deal with over the past few years, so much macro uncertainty, it's been scary getting into this market, especially distinguish the roller coaster ride. now you've got market levels, different market hitting their all-time highs and the s&ps. >> 13 points now. >> although we're barely hitting the all-time highs in price, we eclipse all-time highs in profitability well over a year ago, so from a fundamental standpoint the underlying momentum remains in place. >> italy, china, watch the international situation. i think if there's anything that could perhaps. look, the debt -- the debt downgrade is another possible warni
in the u.s. it's about 32%. we had a trend, a theme emerge this week on this program reluctantly bullish. reluctantly long this market. a lot of guys coming through here saying we're still long this market even though we're reluctant to do so because of these valuations and the level where we are. are you among them? >> i think i understand that point of view. if you think what investors have had to deal with over the past few years, so much macro uncertainty, it's been scary getting into...
499
499
Mar 27, 2013
03/13
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he thinks the u.s. economy has righted itself enough that the fed needs to turn off the stimulus spigot. >> joining us in a cnbc exclusive is john calamos senior, the ceo and chief investment officer at calamos investments. john, it's a pleasure to have you here. welcome. >> it's a pleasure to be with y'all. >> it's interesting that we're interviewing you today, because you think that the fed needs to turn off the spigot. yet, we had one of the fed members today come out and say, no, they need to do more. they're not aggressive enough. they need to move down their employment target. i would assume that you would vehemently disagree with that? >> well, i think if they're really trying to focus on job growth, job growth comes from small business. with the yield curve the way it is, there is no incentive for banks to loan to small business. and therefore, that part of the economy continues to be slow. so, obviously, it's advantageous for larger business and the capital markets, but for small business, with
he thinks the u.s. economy has righted itself enough that the fed needs to turn off the stimulus spigot. >> joining us in a cnbc exclusive is john calamos senior, the ceo and chief investment officer at calamos investments. john, it's a pleasure to have you here. welcome. >> it's a pleasure to be with y'all. >> it's interesting that we're interviewing you today, because you think that the fed needs to turn off the spigot. yet, we had one of the fed members today come out and...
673
673
Mar 19, 2013
03/13
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CNBC
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what we want to buy u.s. equities that have a lot of china exposure. we think that a basket of u.s. equities with china exposure should not trade at a discount like it does. we want to keep buying companies that have high and growing dividends. we think bond yields are going to stay low and that's going to remain attractive. and we like higher quality equities, simply because we just see risk of bankruptcy is very low, and therefore we have a low probability of a lower quality junk rally. our sector bets, maria, are overweight health care, industrials, and technology. there we just think we have more reasonable prices, better capital deployment, a better estimate achievability. >> quickly, your favorite sector? >> sectors are technology, industrials, energy, from a thematic basis, discipline value and dividend growth. not yield, but dividend growth. >> great to see you. brian, adam, thank you. thanks for your thoughts today. we're coming back with the closing countdown. stick around. we'll find out whether the dow and s&p can remain positive or whether we have this three-day sell-of
what we want to buy u.s. equities that have a lot of china exposure. we think that a basket of u.s. equities with china exposure should not trade at a discount like it does. we want to keep buying companies that have high and growing dividends. we think bond yields are going to stay low and that's going to remain attractive. and we like higher quality equities, simply because we just see risk of bankruptcy is very low, and therefore we have a low probability of a lower quality junk rally. our...
147
147
Mar 1, 2013
03/13
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. >> it would not be good for the u.s. stock market, but i think this market will continue to drift higher. again, with the fed, with their infusion and them keep zipping the market, this market will continue to go up. >> maria? >> michael, let me ask you about that, the currency story, because if you're looking at a move in the dollar, what do you -- which currency out there benefits? where are you seeing money moves in terms of the currency war? >> well, actually when you speak of the currency war, there's a dynamic there because right now australia should be one of the biggest benefactors and they are not. in fact, that was the barometer on when we started to see things turn first with aussies, so if you really want to look at the most non-sexy story it's going to be the u.s. trading over canada actually. i think the dollar performs very well against canada as we're starting to get talk about a housing bubble in toronto, and with that being said, keep an eye on 1562. i think that's kind of a blowoff top in the s&p, and
. >> it would not be good for the u.s. stock market, but i think this market will continue to drift higher. again, with the fed, with their infusion and them keep zipping the market, this market will continue to go up. >> maria? >> michael, let me ask you about that, the currency story, because if you're looking at a move in the dollar, what do you -- which currency out there benefits? where are you seeing money moves in terms of the currency war? >> well, actually when...
501
501
Mar 28, 2013
03/13
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the u.s. is the place to be. everybody kept saying, but, look, the s&p is leading everybody else except japan, which is in the middle of a yen deflationary frenzy. elsewhere, china, spain, brazil, a lot of the emerging market countries were down this year. and bill is right. it would be a little coda to end the quarter if we could get the s&p to close at 1565 or above. guys, the question i ask today, what would make it really big? that would be if we could get 2% or 3% above this. a decisive break above the old triple top, around 1,600, that would get a lot of people squawking. and the good news, guys, the market breadth is still pretty strong. guys, back to you. >> all right, bob, thank you so much. and stay with us, as well. so is today going to be the day? the s&p 500, trading above that all-time closing high right now. it's been doing it at different points of the day. the question is, is it going to be there at 4:00 p.m. eastern time when that closing bell rings? we will find out. >> in today's "closing bell
the u.s. is the place to be. everybody kept saying, but, look, the s&p is leading everybody else except japan, which is in the middle of a yen deflationary frenzy. elsewhere, china, spain, brazil, a lot of the emerging market countries were down this year. and bill is right. it would be a little coda to end the quarter if we could get the s&p to close at 1565 or above. guys, the question i ask today, what would make it really big? that would be if we could get 2% or 3% above this. a...
522
522
Mar 18, 2013
03/13
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CNBC
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eye 522
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what is your take in terms of the health of the u.s. financial institutions and to a lesser extent, the impact from cyprus and europe on the u.s. banks? >> look, the u.s. institutions have come a long way. in the last four years. they've made tremendous progress. and we are long since out of the intensive care unit, and we're in most cases out of the hospital as well in terms of our banking system. and i think that's reflected in the results of the stress test. now, do we still have a lot of work to do or techniques of risk management and techniques of monitoring risk management all they should be? i don't think that we're there yet. do we have all banks well enough capitalized that one can confidently say that their borrowing is wholly on their own strength and not in part on some aura coming from the government? i think we've got some distance to go before we're already there. are there activities that are going on in banks that are probably riskier than should go on in systemically important financial institutions? yes. and that's so
what is your take in terms of the health of the u.s. financial institutions and to a lesser extent, the impact from cyprus and europe on the u.s. banks? >> look, the u.s. institutions have come a long way. in the last four years. they've made tremendous progress. and we are long since out of the intensive care unit, and we're in most cases out of the hospital as well in terms of our banking system. and i think that's reflected in the results of the stress test. now, do we still have a lot...
531
531
Mar 12, 2013
03/13
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eye 531
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the more people who travel to the u.s., the better it is for the u.s. economy. because they come and spend money and that support jobs. it's estimated that out of every 65 people who visit the united states from overseas, one job is created. so as a for instance, we talked about our visa policy. if we can do things the to better facilitate people getting visas in different markets, then they will attractitravel more. and we're seeing much greater demand from markets like brazil, india, russia, china to travel to the u.s. if we make it easier for them to do that, then more people will come. so the president got behind this initiative wholeheartedly, they invested in the visa process in brazil, opening up more visa offices, more people are coming, particularly to florida, which we've seen and we benefit from, but so does the u.s. economy. it raises our business, we create more jobs, and making basically more money, and in the process, we pay higher taxes. so it's a win/win proposition. >> it's so important and i'm glad you brought it up. so many business leaders h
the more people who travel to the u.s., the better it is for the u.s. economy. because they come and spend money and that support jobs. it's estimated that out of every 65 people who visit the united states from overseas, one job is created. so as a for instance, we talked about our visa policy. if we can do things the to better facilitate people getting visas in different markets, then they will attractitravel more. and we're seeing much greater demand from markets like brazil, india, russia,...
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635
Mar 20, 2013
03/13
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eye 635
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i could say, well, the u.s. economy grew pretty well between 1945 and 1975, 1980, and the financial system was much simpler and didn't have a lot of exotic derivatives and so on. so that would be one way to argue that maybe all this extra financial activity is not justified. on the other hand, the world's a lot more complicated. the world's a lot more international. you have large, multi-national firms that are connecting resources, savers and investors in different countries. there's a lot more demand for risk sharing, for liquidity services, and so on. so i think based on that and based on the innovations that information technology has created in lots of industries, you would expect financial services to be somewhat bigger. so i don't really know the answer to that question. i think that my predecessor, paul volcker's claim, that the only contribution to the financial industry is the automatic teller machine, might be a little exaggerated. i know that some people have that view. but, again, i don't know the a
i could say, well, the u.s. economy grew pretty well between 1945 and 1975, 1980, and the financial system was much simpler and didn't have a lot of exotic derivatives and so on. so that would be one way to argue that maybe all this extra financial activity is not justified. on the other hand, the world's a lot more complicated. the world's a lot more international. you have large, multi-national firms that are connecting resources, savers and investors in different countries. there's a lot...
596
596
Mar 21, 2013
03/13
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eye 596
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less fear of double dip in the u.s. less worries about europe breaking up, cyprus notwithstanding, or china hardlining. so we would see it as a buying opportunity. >> so what do you want to do, then? should you be taking profits on some of those names you've made money on already? how do you look at a market that you're still bullish on, but are getting a little nervous because of evaluations? >> i can't time this correction. >> right, you don't want to time it. >> so i stay in. and i'm going to buy, if you go down, okay? that's where i want to be. i'm not so optimistic in the second half of the year, though. because what worries me if stocks keep going up here, and it looks there's underlying momentum in the economy, i think the fed may look off side. >> we've got a lot of applause here right now. >> here's why. there are 25 members of the congressional medal of honor society. it's the highest award of valor in the military. so these 25 military, presumably all retired, recipients of the congressional medal of honor. a
less fear of double dip in the u.s. less worries about europe breaking up, cyprus notwithstanding, or china hardlining. so we would see it as a buying opportunity. >> so what do you want to do, then? should you be taking profits on some of those names you've made money on already? how do you look at a market that you're still bullish on, but are getting a little nervous because of evaluations? >> i can't time this correction. >> right, you don't want to time it. >> so i...
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567
Mar 7, 2013
03/13
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eye 567
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got an economy in the u.s. that seems to be improving. got all these factors coming together that are supporting this market. do you see any of those things changing any time soon, the backdrop? >> i'm not sure how soon they will change, and last time you interviewed me i said there are two scenarios. either for 20% correction and then the market moves higher where a new high will be reached or not is debatable or a scenario similar to '87 when the market moved up 41% between january 1st and august 25th, or like 2000 when the nasdaq moved up 30% between january 1st and march 11th, so everything is possible. but you have recently i think had stan druckenmiller on the program. he's a very thoughtful person. >> right. >> and i share his views. it will end badly, but unlike stan i believe it will end badly this year. >> how bad? what kind of a sizable selloff are you looking at? >> listen, maria, you'll see yourself how bad it will be. >> well, in the meantime though, you still like gold. gold, as you pointed out, it has come lower even as th
got an economy in the u.s. that seems to be improving. got all these factors coming together that are supporting this market. do you see any of those things changing any time soon, the backdrop? >> i'm not sure how soon they will change, and last time you interviewed me i said there are two scenarios. either for 20% correction and then the market moves higher where a new high will be reached or not is debatable or a scenario similar to '87 when the market moved up 41% between january 1st...
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577
Mar 4, 2013
03/13
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and when you -- if you try to break up u.s.-based big banks, then they lose their ability to compete internationally. what about that? >> well, a couple things. first of all, we can't -- congress can't pass laws that will have international impact. but the united states can certainly lead. secondly, when you really compare apples to apples and have the same accounting systems, the evidence is that our megabanks are even much larger than european ones on average. so i think we have some room to decrease that size and not be at any competitive disadvantage. third, we're a market leader. so i think if we lead, we could positively impact the development of basel iii or whatever is going to be done. >> isn't it legislation in a box because of the issue bill raises here? even if you look at what european regulators are trying to do now, they're trying to cap salaries for the bankers. let's see the swiss banks get those caps. how are the credits of theorld going to compete effectively with jpmorgan? same thing on this side of the ocea
and when you -- if you try to break up u.s.-based big banks, then they lose their ability to compete internationally. what about that? >> well, a couple things. first of all, we can't -- congress can't pass laws that will have international impact. but the united states can certainly lead. secondly, when you really compare apples to apples and have the same accounting systems, the evidence is that our megabanks are even much larger than european ones on average. so i think we have some...
655
655
Mar 13, 2013
03/13
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CNBC
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eye 655
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the markets in the u.s. have been moving up. and most of the other emerging markets have had a little trouble since the beginning of february. clearly, everybody believes u.s. economy slowly getting better. best place to put money, maybe lighten up on some of the emerging market stocks. commodity stocks were a little bit on the downside. here, home building stocks, aero-based stocks, u.s. companies on the upside here. >> we've got a nine-point gain. any gain, new high. the s&p still ten points away. that's not going to happen here. but we will head towards the close. we'll have more closing bell coming your way in just a moment. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ revolutioni
the markets in the u.s. have been moving up. and most of the other emerging markets have had a little trouble since the beginning of february. clearly, everybody believes u.s. economy slowly getting better. best place to put money, maybe lighten up on some of the emerging market stocks. commodity stocks were a little bit on the downside. here, home building stocks, aero-based stocks, u.s. companies on the upside here. >> we've got a nine-point gain. any gain, new high. the s&p still...
145
145
Mar 15, 2013
03/13
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CNBC
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eye 145
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stay with the health care in the u.s. and the drillers in the u.s. that's what we've been telling folks. a very good trip to president obama to israel next weekend. >> sam, thank you so much. a short break and the closing countdown after this break. >> also, will we see this last-minute comeback that could take us to a record high again for the s&p and the dow. we'll see, coming up here. >> then, yahoo! ceo marissa meyer has taken some heat for banning telecommuting and new hiring practices, but a fellow female ceo says there never would have been an issue if mayer was a man. that's coming up later on the "closing bell." you're watching the "closing bell" on cnbc, first in business worldwide. stay with us. us. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big ideas with smaller footprints. and knowing there's always more in the world to see. it's the all-new lincoln mkz. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork
stay with the health care in the u.s. and the drillers in the u.s. that's what we've been telling folks. a very good trip to president obama to israel next weekend. >> sam, thank you so much. a short break and the closing countdown after this break. >> also, will we see this last-minute comeback that could take us to a record high again for the s&p and the dow. we'll see, coming up here. >> then, yahoo! ceo marissa meyer has taken some heat for banning telecommuting and...
581
581
Mar 6, 2013
03/13
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eye 581
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>> well, it's a great business opportunity in the u.s. right now. the unconventionals are quite exciting, and for our company that's a huge piece of growth potential. what we're doing on the canadian oil sands and growing in malaysia and doing in europe and all over the world is adding to the growth that we talked about in our analyst meeting so exciting times for our industry, exciting times for our company. >> now, i want to get into the canadian oil sands and really where you see growth for sure but let me ask you about the dividend because at the analyst meeting and repeatedly you continue to focus on the dividend saying it's really a priority. you already have one of the highest dividends in the industry, almost 5%. quite impressive, but there are some concerns out there because the companies that you compare yourself pay dividends out of cash flow, and the analyst community is wondering if you are going to face a funding gap over the near term, why dedicate so much money to the dividend, even to the extent that you may have to sell assets to r
>> well, it's a great business opportunity in the u.s. right now. the unconventionals are quite exciting, and for our company that's a huge piece of growth potential. what we're doing on the canadian oil sands and growing in malaysia and doing in europe and all over the world is adding to the growth that we talked about in our analyst meeting so exciting times for our industry, exciting times for our company. >> now, i want to get into the canadian oil sands and really where you see...
669
669
Mar 14, 2013
03/13
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CNBC
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eye 669
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i mean, we all focus in the u.s. on the fed minutes. we're reading every word, you know, and looking for nuance and shape as to what's going on inside the u.s. bet. the smallest little glimmer of what they may do has driven huge interest rate volume trades around the world. so it looks like it's right for a lot of increased activity. it's just going to be, when can we get those signals? >> given this run-up that we're seeing in stock prices, are you seeing a rotation out of fixed income? everybody's talking about this great rotation, but then there's an argument that's been made that this new money is coming from cash. so is it coming from cash or is it coming from bonds? >> you know, i only have limited visibility, but what we've seen is that it's not a rotation yet. it doesn't mean there won't be one. right now there's a lot of money sitting on the sidelines. as a public company, we've been thrilled to watch just our own stock price performance, as well as the pieers that i follow in y industry, but it doesn't really seem to be coming
i mean, we all focus in the u.s. on the fed minutes. we're reading every word, you know, and looking for nuance and shape as to what's going on inside the u.s. bet. the smallest little glimmer of what they may do has driven huge interest rate volume trades around the world. so it looks like it's right for a lot of increased activity. it's just going to be, when can we get those signals? >> given this run-up that we're seeing in stock prices, are you seeing a rotation out of fixed income?...
611
611
Mar 22, 2013
03/13
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CNBC
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eye 611
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you've seen clear strength in the qe countries of japan and the u.s. everything else has been outperforming. >> lee munson, what do you make of what went on with fedex and the transports this week? for a long time, we kept seeing the transports and the industrials side by side rallying. they've broken down. do you worry about that? >> i don't, because you have to remember, maria, since the beginning of the year, the transports have been up about, you know, 4% or 5% against the s&p. they're just coming down a little bit. i think it's a little profit taking. i'm not concerning that investors should be worried that the transports are going to be negative this week. it doesn't mean you go back to dow theory and it's the end of the rally. so i would ignore that for this week, at least. >> rick santelli -- who said that, peter? >> me, i agree totally about the transports. i think this is just a blip in the -- in our year move. >> you're hanging in there -- >> absolutely. >> with more all-time highs down the road? >> yes. >> rick santelli, they are going late
you've seen clear strength in the qe countries of japan and the u.s. everything else has been outperforming. >> lee munson, what do you make of what went on with fedex and the transports this week? for a long time, we kept seeing the transports and the industrials side by side rallying. they've broken down. do you worry about that? >> i don't, because you have to remember, maria, since the beginning of the year, the transports have been up about, you know, 4% or 5% against the...
121
121
Mar 26, 2013
03/13
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the u.s. postal service®, no business too small. >>> welcome back. the dow in all-time high territory. we've got 30 minutes left. sue says we're going to finish at the all-time highs. we'll see. >> i just think we will. >> the nasdaq is up 13 points. no new highs there. the s&p, very careful, very close right now. we need to get to 1565.15. so we're about 2 1/2 points away. that's the one we're keeping an eye on right now. and we will see if we can get a new all-time high, finally, for the s&p 500 in the next 30 minutes here. >> i think we might do it. >> all right. >>> lululemon shares are in bad shape this year, while the gap is looking good. and part of the reason and the push could be from their competing athletic apparel lines. our courtney reagan is here with some of the details on that. this would be a break for the gap. >> it really would. and gap is just a number of one of the competitors hoping to chisel away from the lululemon's market share. five new athletic locations were opened in gap's fourth quarter, but the grand total is only 35 in
the u.s. postal service®, no business too small. >>> welcome back. the dow in all-time high territory. we've got 30 minutes left. sue says we're going to finish at the all-time highs. we'll see. >> i just think we will. >> the nasdaq is up 13 points. no new highs there. the s&p, very careful, very close right now. we need to get to 1565.15. so we're about 2 1/2 points away. that's the one we're keeping an eye on right now. and we will see if we can get a new all-time...
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83
Mar 19, 2013
03/13
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FBC
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cypress worries continues to hit u.s. investors today, but is the correction an opportunity to load up your portfolio? dan chung tells you why you should run with the bulls. the ceos of two major airline make a case to dc to merge, can the airlines make your portfolio soar? one says the fundmentals point to yes. "countdown to the closing bell" starts right now. ♪ cheryl: i'm cheryl cheryl in for liz claman, the last hour of trading, and the markets are trying to make a comeback in this final 60 minutes. after cypress rejects the tax on bank deposits, at its high, get this, the dow up more than 62 points today before making a 132-point swing to the downside. there's the dow. right now, down 24 points, a lot can happen in the last hour. a lot has happened during this session today. taking a look at the s&p. the s&p is moving further away from that record closing high, trying to get there, can't get there. the dow and s&p at this point on track of the first three day losing streak of 20 # 13 of the year. 1544 and 1565.15.
cypress worries continues to hit u.s. investors today, but is the correction an opportunity to load up your portfolio? dan chung tells you why you should run with the bulls. the ceos of two major airline make a case to dc to merge, can the airlines make your portfolio soar? one says the fundmentals point to yes. "countdown to the closing bell" starts right now. ♪ cheryl: i'm cheryl cheryl in for liz claman, the last hour of trading, and the markets are trying to make a comeback in...
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Mar 19, 2013
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the u.s. has had their economy outperform other economies and i think it's a flight to safety relative to the u.s. markets on one hand and it's an unwind from the bond market and risk exposure going forward to rate changes on the other hand. so it's both a flight to safety as well as, you know, what's really going on domestically and people are looking at a twist now with the fed and what their posture will be heading forward. >> i'll be back, adobe earnings at the top of the hour. >> take care, maria. >> what do you think? we're finishing positive here. this market doesn't want to go up? you think some of that's short covering? >> i think that's what we're see right now. finishing up the day. right now people will have to play it cautiously. we haven't seen the end of the cyprus thing. we have some negotiating going on from russia. the impact of that, as you mentioned, is a little minor relative to the size and scope of them, but it's whether or not that moves into italy, spain, as we've all
the u.s. has had their economy outperform other economies and i think it's a flight to safety relative to the u.s. markets on one hand and it's an unwind from the bond market and risk exposure going forward to rate changes on the other hand. so it's both a flight to safety as well as, you know, what's really going on domestically and people are looking at a twist now with the fed and what their posture will be heading forward. >> i'll be back, adobe earnings at the top of the hour....
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Mar 27, 2013
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u.s. stocks slipping today, though finishing well off the lows. the dow, at one point, as you guys mentioned, down 120 points. . the s&p 500 also making a comeback. today the seventh time this month that the gauge came within just five points of passing its all-time closing high. a quick recap of leaders and laggards. saic, one of the best performers in the s&p today, the u.s. government, i.t. contract reports better than expected fourth quarter profit, up some 17% this year. also, check out aol. analysts at barclays, they upgrade aol to overweight. target price raised to 44 bucks. aol up some 33% this year. diana shipping, also heading way higher. our own jim cramer saying that share prices of dry bulk shippers have bottomed. cramer citing diana shipping in particular, and that stock making a big move. as for laggards today, cliffs natural resources, the worst performer in the s&p. credit suisse cuts the price target to ten bucks. cliffs down some 50% just this year. and finally, blackber
u.s. stocks slipping today, though finishing well off the lows. the dow, at one point, as you guys mentioned, down 120 points. . the s&p 500 also making a comeback. today the seventh time this month that the gauge came within just five points of passing its all-time closing high. a quick recap of leaders and laggards. saic, one of the best performers in the s&p today, the u.s. government, i.t. contract reports better than expected fourth quarter profit, up some 17% this year. also,...
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Mar 13, 2013
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but u.s. loan mortgage president fred glick counters that these loans are safer and very much needed in this recovery. welcome to you both. anthony, i'm going to start with you, if i can. you know, you say that, basically, this is a repeat of the cycle that we saw before. others say it's a little bit different this time. the economic underpinnings are different as well. why do you think it will be a repeat of what we saw previously? >> well, the economic underpinnings are actually worse than they were during the housing bubble. but here's the problem. it's not that i have any problems with low down payment mortgages. that used to be the domain of the fha, first-time home buyers and minority communities. but now we're seeing fannie mae, and probably freddie mac, but fannie mae at this point creeping back in. this is what we call mission creep. so we have fannie mae doing the mission that the fha was set up to do. and maybe it's because fha was too expensive. but, again, where's mr. d'marco, who
but u.s. loan mortgage president fred glick counters that these loans are safer and very much needed in this recovery. welcome to you both. anthony, i'm going to start with you, if i can. you know, you say that, basically, this is a repeat of the cycle that we saw before. others say it's a little bit different this time. the economic underpinnings are different as well. why do you think it will be a repeat of what we saw previously? >> well, the economic underpinnings are actually worse...
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dual rallies in the u.s. and europe especially since the euro zone economy, there sovereign debt crisis and issue. james moffett, chief international equity strategist joining us now from kansas city, missouri to share some fundamentals on the best places in europe. you are on a gutsy guy. you have to be because that is the mandate of your fund but how have you managed to continue to do well in light of pretty negative headlines depending which country we are talking about? >> most of the things we own our multinational so they are not exposed to the risk in just one country. that helps. and also stick to the quality companies, the ones that seem to be we think well-managed that have good balance sheets, it is amazing how valuable a good balance sheet is in tough times and these companies are in a good position. most of them gaining ground on the competition that is being hurt in this environment. liz: i like to ask how do you pick them? what is your strategy for picking stocks in region that might be a littl
dual rallies in the u.s. and europe especially since the euro zone economy, there sovereign debt crisis and issue. james moffett, chief international equity strategist joining us now from kansas city, missouri to share some fundamentals on the best places in europe. you are on a gutsy guy. you have to be because that is the mandate of your fund but how have you managed to continue to do well in light of pretty negative headlines depending which country we are talking about? >> most of the...
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Mar 18, 2013
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europe and the u.s. go up, but the u.s. economy remains pretty good. it's a safe haven. the dollar has done better relative to lots of other things. the u.s. is a pretty good place to be including with the cypress event. cheryl: you know, if you look at -- well, okay, first we're looking at gdp. obviously, they've got a massive unemployment problem, 1.1 million people on the small island rocking global markets, but this bailout plan, i think that is where the spook kind of came from. a lot of russian money, a lot of wealthy russian investors have their money parked in cypress banks. is that kind of what's got european investors nervous, the running, you know, running towards spain and italian bonds or is something else going on? >> well, i think there's no question that, um, the size of the economy as was reported earlier, that doesn't matter a whole lot. it's all about the connection to europe and the euro. and as you know, anytime somebody says i've got a deposit and somebody says i'm going to take som
europe and the u.s. go up, but the u.s. economy remains pretty good. it's a safe haven. the dollar has done better relative to lots of other things. the u.s. is a pretty good place to be including with the cypress event. cheryl: you know, if you look at -- well, okay, first we're looking at gdp. obviously, they've got a massive unemployment problem, 1.1 million people on the small island rocking global markets, but this bailout plan, i think that is where the spook kind of came from. a lot of...
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Mar 18, 2013
03/13
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you have to be bullish on u.s. equities here. because you have so much offshore money coming into the u.s. looking for some place safe and sound. >> there just aren't a lot of returns elsewhere from those companies that actually pay dividends. for so long we were talking about the regulatory environment in the united states. i mean, is that not an issue anymore? you have the london wale implications at jpmorgan. is that going to force vocal rules to actually get implemented? is that not a worry anymore for you, for the banks? >> the regulatory changes are always a worry for me. because they're like a drone attack. all of a sudden you don't know where they're coming from. all of a sudden a new, you know, other or new politician is creating one for their own political ambition. or the rules are changing constantly. so you're always on the defense. i think as far as the banks are concerned, and as far as, you know, what happened on friday with jpmorgan is concerned, it is clear that you have across the aisle, bipartisan support to g
you have to be bullish on u.s. equities here. because you have so much offshore money coming into the u.s. looking for some place safe and sound. >> there just aren't a lot of returns elsewhere from those companies that actually pay dividends. for so long we were talking about the regulatory environment in the united states. i mean, is that not an issue anymore? you have the london wale implications at jpmorgan. is that going to force vocal rules to actually get implemented? is that not a...
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pushing u.s. aviation to new heights. all 80 thousand of us. busy investing billions in the industry's boldest moves. it's biggest advances technology. bringing our passengers the best, the most spacious fleet in the sky. and earning more awards than any other airline... to show for it. so rather than simply saluti history... we're out there making it. liz: breaking news, dell is in play right now. michael dell trying to make a play and take its company private. guess what, here comes southeastern mass. management. considering whether to team up with an unnamed player to attempt a counter bid to that $1365 a share play. dell is below or just slightly above 1365. are you guys trying to take this on the cheap? guess what, now we do have a counter bid, possibly. it is unclear whether this move would alter the price of the deal, but as you can imagine, dell at the moment very volatile. some retailers are a draft today. especially american eagle. nicole: the dow is at all-time highs. a day where the bulls are celebrating. some of the people who own
pushing u.s. aviation to new heights. all 80 thousand of us. busy investing billions in the industry's boldest moves. it's biggest advances technology. bringing our passengers the best, the most spacious fleet in the sky. and earning more awards than any other airline... to show for it. so rather than simply saluti history... we're out there making it. liz: breaking news, dell is in play right now. michael dell trying to make a play and take its company private. guess what, here comes...
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Mar 20, 2013
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i think the u.s. is in pretty good shape all the way around, include earnings and revenue growth domestically. >> ron, that is quite the casual look for a day at the office. are we at your house or are you traveling on vacation? >> i was giving a speech in palm beach this morning. i'm in miami with the family now for spring break, and i can tell you, it is so busy down here, there are new cranes -- after having built 80,000 condos in miami during the height of the boom, cranes are back up down here and they're adding another 13,000 condominiums after the old supply has been sopped up by foreign buyers. so miami is actually quite busy. i know it's spring break and it's typically a very busy time down here, but it's encouraging that the activity that you see locally is quite brisk. i think that's true, pretty much, around the country, when you go as i do, from city and city, split work and vacation time. >> it's good to see that miami is so busy. you're supposed to be on vacation with your family. >> i'
i think the u.s. is in pretty good shape all the way around, include earnings and revenue growth domestically. >> ron, that is quite the casual look for a day at the office. are we at your house or are you traveling on vacation? >> i was giving a speech in palm beach this morning. i'm in miami with the family now for spring break, and i can tell you, it is so busy down here, there are new cranes -- after having built 80,000 condos in miami during the height of the boom, cranes are...
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Mar 29, 2013
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the u.s. markets are closed on but the data has been pouring in of a long. u.s. consumer sentiment, that is up in the months -- month of march as the final reading plucked the preliminary number. consumer confidence jumped sharply in the second half of the month, erasing the decline that we have seen in the first half of month -- march. that is good. your confidence is registering. consumer spending is up for the month of february. january numbers were upwardly revised as well. to get pieces of data that are very important for you and your money in the reason you are all feeling so good and spending more money, the paychecks are bigger after tumbling in january. personal income has headed back up by more than a percent in the month of february. all that should perhaps democracy did not know what will happen over the holiday weekend, but should help the market start of the second quarter with a bang. the s&p 500 closed up the first quarter with quite a bang. a record high, up more than 10% for the year so far. talk about the start. yesterday was the big day we fin
the u.s. markets are closed on but the data has been pouring in of a long. u.s. consumer sentiment, that is up in the months -- month of march as the final reading plucked the preliminary number. consumer confidence jumped sharply in the second half of the month, erasing the decline that we have seen in the first half of month -- march. that is good. your confidence is registering. consumer spending is up for the month of february. january numbers were upwardly revised as well. to get pieces of...
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Mar 25, 2013
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a real flight to quality and in the u.s. dollar. let's bring in the traders, the cme group and the nymex. what you see is we lost another 10 points or so, now down 77, is it that, or a bailout that is moving the markets now? >> this morning there was a lot of conversation about the fallout of this deal, a good temporary fix, the question is will this be able to happen anywhere else? i think that is something people have yet to figure out. we still have to see what the fallout will be, but that was weighing on the market a little bit this morning. a lot of people are away. very strong dollar this morning. liz: we are showing that right now, $1.28 and change, the euro is really getting hammered now. you are in chicago looking at the response whether this commodities or anything else, but at the moment the uk pound and the euro down against the u.s. dollar. the dollar will continue to be what it is against the yen, so what do you make of all of this? >> the euro is really taking a pounding, but on the other hand the other indicators ar
a real flight to quality and in the u.s. dollar. let's bring in the traders, the cme group and the nymex. what you see is we lost another 10 points or so, now down 77, is it that, or a bailout that is moving the markets now? >> this morning there was a lot of conversation about the fallout of this deal, a good temporary fix, the question is will this be able to happen anywhere else? i think that is something people have yet to figure out. we still have to see what the fallout will be, but...
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Mar 14, 2013
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in the near term, because of our heavyweight outside of the u.s. relative to domestic equities and bonds, i think we are well-positioned. cheryl: very interesting allocation, asset allocation. american century investments senior portfolio manager. thank you very much. seven minutes to go off. closing bell will be running very soon. want to let youuknow as we watched the s&p and the dow, jack lewd just took the reins as treasury secretary last month. maybe not the most desirable job right now with that piling up in this country, the sequester and fall fact, congress at odds with just about everybody and everything. in the next hour, a fox business , peter barnes will ask the man himself in an interview with treasury secretary jack lou on after the bell. after the break i am going to show you one stock that investors like the way it looks today. that is your hand. we will be right back. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're his
in the near term, because of our heavyweight outside of the u.s. relative to domestic equities and bonds, i think we are well-positioned. cheryl: very interesting allocation, asset allocation. american century investments senior portfolio manager. thank you very much. seven minutes to go off. closing bell will be running very soon. want to let youuknow as we watched the s&p and the dow, jack lewd just took the reins as treasury secretary last month. maybe not the most desirable job right...
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u.s. stocks initially off with a disturbing housing news out of china with the government is trying to douse the flames of hot real estate has erased their losses, now trading near the highs of the day. s&p 500 at nearly six points. the dow was the last to turn, moving about 30 points. let's start with the winners. we begin with hess. higher after they said they were getting out of the downturn business. specifically refining and trading. the operator said vehicle sales rose 6% last month. still, the auto industry showing major signs of life. and google moving higher hitting a new high today, once again leaving $800 per share in the rearview mirror. looks like this one will hold today. the laggers concentrated in the industrials, starting with caterpillar down 1.66%. after getting slammed by the china news, fewer houses clamping down the house history means fewer sales of caterpillar. natural resources, that one is down about 5%, and then we have joy global down about 4%. make it 3.21%. an
u.s. stocks initially off with a disturbing housing news out of china with the government is trying to douse the flames of hot real estate has erased their losses, now trading near the highs of the day. s&p 500 at nearly six points. the dow was the last to turn, moving about 30 points. let's start with the winners. we begin with hess. higher after they said they were getting out of the downturn business. specifically refining and trading. the operator said vehicle sales rose 6% last month....
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Mar 13, 2013
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u.s. cardinals will head back to north american college, may be available for an interview. he will get this to you as early as possible. while we wait let's get to the markets at the moment. we are seeing a seven-point gain for the dow jones industrial. a little positive sentiment down of floor of the new york stock exchange. a lot of traders were glued to that chimney when the lights month finally came out to announce that there would be a pope. the dow does industrials, butter by eight. s&p 500 moving higher. the nasdaq up four and and a half points. what is important to note is that stocks erased some early losses and are posting these modest gains. just as you thought that we might see a pause that refreshes and than non record date, we are not seeing that now. after being down nearly 40 points we are on track for a seventh straight record close. the last time that happened was january of 1987. the s&p 500 at this level just about nine, eight points away from its all-time high of 1565
u.s. cardinals will head back to north american college, may be available for an interview. he will get this to you as early as possible. while we wait let's get to the markets at the moment. we are seeing a seven-point gain for the dow jones industrial. a little positive sentiment down of floor of the new york stock exchange. a lot of traders were glued to that chimney when the lights month finally came out to announce that there would be a pope. the dow does industrials, butter by eight....
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Mar 5, 2013
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the s&p 500 is companies headquartered in the u.s. but it's not a u.s. average, but it's a global average. earning surprises in the fourth quarter came mostly from multi-nationals as u.s. corporations are investing and growing overseas, gaining market share, and that's why the stock market is doing a lot better in the u.s. economy. >> usually a stock market discounts what is happening 18 months in advance. i don't hear a conversation now today on cnbc much about where we will be in 18 months. i hear a conversation about, well, you should buy stocks because the dividends are higher than you get in the treasury market. >> yeah. >> well, i think there is an indication that the economy, the landscape is getting better. perhaps that portends to what's going to continue to happen in the next 18 months. >> i would argue it's getting better, maria, but it's also the big downside. the big black holes that people are worried about, the probability of those in their minds is shrinking. that's part of why the market is rallying. >> i'm going to be on later on with y
the s&p 500 is companies headquartered in the u.s. but it's not a u.s. average, but it's a global average. earning surprises in the fourth quarter came mostly from multi-nationals as u.s. corporations are investing and growing overseas, gaining market share, and that's why the stock market is doing a lot better in the u.s. economy. >> usually a stock market discounts what is happening 18 months in advance. i don't hear a conversation now today on cnbc much about where we will be in 18...
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Mar 27, 2013
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the contracts to buy previously owned u.s. homes remained at the second highest level in three years. they blame the drop op shortage of homes on the market. twitter expected to generate $1 billion in ad revenue in 2014 according to e-marketer who forecast mobile ads bring in $583 million this year, dowel the ad revenue in 20 # 12 now we continue the "countdown to the closing bell." ♪ >> okay. look at the s&p, remember, 1565.15 is the number to beat. we are just within, just over half a point of turning positive today, not getting up to the record level, but look at the intraday picture, figging back, leaders, sai, a holding company, and we got console energy, humana looking better and western dig iring's, hard drives. getting to investors betting on one casino stock in particular today sending shares of boyd gaming to a new high. nicole is on the floor of the new york stock exchange. >> liz, we'll watch closely for sure and watch bode gaming for the closing bell. watch boyd as a casino operation in nevada with a big competi
the contracts to buy previously owned u.s. homes remained at the second highest level in three years. they blame the drop op shortage of homes on the market. twitter expected to generate $1 billion in ad revenue in 2014 according to e-marketer who forecast mobile ads bring in $583 million this year, dowel the ad revenue in 20 # 12 now we continue the "countdown to the closing bell." ♪ >> okay. look at the s&p, remember, 1565.15 is the number to beat. we are just within,...
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Mar 20, 2013
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in 1980 would say there was the financial sector comprised of 5%, of the u.s. economy. u.s. gdp. now it is about 9%. do you think that shift is beneficial to the u.s. economy? >> i don't think i know the answer to that question. certainly the financial system, i could argue in two ways, so the u.s. economy grew pretty well between 1945-1975, 1980. the financial system was much simpler and didn't have a lot of exotic rigors and so on. so that would be one way to argue maybe all this extra financial activity is not justified. on the other hand the world is a lot more concentrated, lots more international, large multinationals that are connecting resources, investors and other countries, there's a lot more demand, so i think based on that and based on the innovations and information technology in a lot of industries you would expect financial services to be somewhat bigger. so i don't really know the answer to that question. my predecessor paul volcker explained the only contribution financial industry is the automatic teller machine. i don't know the answer. a much bigger sector ca
in 1980 would say there was the financial sector comprised of 5%, of the u.s. economy. u.s. gdp. now it is about 9%. do you think that shift is beneficial to the u.s. economy? >> i don't think i know the answer to that question. certainly the financial system, i could argue in two ways, so the u.s. economy grew pretty well between 1945-1975, 1980. the financial system was much simpler and didn't have a lot of exotic rigors and so on. so that would be one way to argue maybe all this extra...
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Mar 25, 2013
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put in perspective how important the u.s. market is for blackberries compared to the others, peter. >> there's a billion smartphones sold every year approximately. asia's more than half. frankly the key for blackberry going forward is they continue to dominate in europe, asia at that middle end and the business market. with 30 million business subscribers, that's really all that matter. verizon has 10 million enterprise subs, at&t, 10 million. they're going to upgrade. some percentage are going to upgrade. we don't think the z-10 has been to be a success. >> stuart, i'm a blackberry user. i admit. i've got a vintage. peter, you talk about three years they average. mine's, like, seven years old at this point and it still works. i keep replacing the string. you know, it keeps working. there it is. but i'm waiting for the q-10. i need a real keyboard. i don't want this nonsense of a virtual keyboard. i know i'm not alone in that. is it possible it's the q-10 that has a better reception than the z-10 when all is said and done? wh
put in perspective how important the u.s. market is for blackberries compared to the others, peter. >> there's a billion smartphones sold every year approximately. asia's more than half. frankly the key for blackberry going forward is they continue to dominate in europe, asia at that middle end and the business market. with 30 million business subscribers, that's really all that matter. verizon has 10 million enterprise subs, at&t, 10 million. they're going to upgrade. some percentage...
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Mar 21, 2013
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the u.s., and the never-ending fed ease kind of brings buyers back in. i would like to buy on lower levels, me and a lot of other market participants, but we'll see if this is the one that et gets the 5 to 7% correction that a lot of us have been waiting for. >> you think this would be a buy on the dip mentality, but it could be a little while before we see that? >> i think so. >> greg, in his conference yesterday, federal reserve chairman ben bernanke answered a question about the stock market. we want to get your take on what he said. listen to this. >> sure. >> in the stock market, you know, we don't see at this point anything that's out of line with historical patterns. in particular, you should remember, of course, that while the dow may be hitting a high, it's in nominal terms, not in real terms. and if you adjust for inflation and for the growth of the economy, you know, we're still some distance from the high. i don't think it's all that surprising that the stock market would rise, giv
the u.s., and the never-ending fed ease kind of brings buyers back in. i would like to buy on lower levels, me and a lot of other market participants, but we'll see if this is the one that et gets the 5 to 7% correction that a lot of us have been waiting for. >> you think this would be a buy on the dip mentality, but it could be a little while before we see that? >> i think so. >> greg, in his conference yesterday, federal reserve chairman ben bernanke answered a question...
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Mar 4, 2013
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not just because of the positive u.s. economic data, but because the u.s. markets have been resilient to disappointments overseas and i think we will see tomorrow some disappointing pmi numbers, that could be nonmanufacturing surveys of economic activity and expectations. i think they will disappoint the market tomorrow and that's a sign that really our markets here in this country will continue to shrug off that kind of news and we get further and further into a really accelerating growth rate here in the u.s. >> leave it there. thank you, gentlemen. see you soon. sparta was a warrior soelt in ancient greece and their rigorous ways could be on the verge of a comeback of olympian proportions. back in a moment. (music throughout) why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. tdd#: 1-800-345-2550 there's a few things that i really love-- tdd#: 1-800-345-2550 playing this and trading. tdd#: 1-800-345-2550 so i'm always looking to take 'em up a notch or two tdd#: 1-800-345-2550 and schwab really helps me step up my tradin
not just because of the positive u.s. economic data, but because the u.s. markets have been resilient to disappointments overseas and i think we will see tomorrow some disappointing pmi numbers, that could be nonmanufacturing surveys of economic activity and expectations. i think they will disappoint the market tomorrow and that's a sign that really our markets here in this country will continue to shrug off that kind of news and we get further and further into a really accelerating growth rate...
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next week there's a ton of u.s. macro data that people will be paying attention to as they should especially now that we're in the middle of the sequester and debt ceiling so people will be very keen to listen to what these reports are going to look like. nicole: all right. we always love when you come on with us and give us some insight and so energetic about it. we appreciate that. it is exciting time in these markets obviously as we hit record all-time highs on the dow. liz: by the way, if you subscribe to kenny's note every morning, he gives an italian recipe at the bottom of it, every single time. nicole: he's given some greek ones too. >> i try to take the theme of the day. some of them are greek. some of them are french. some of them are italian. liz: okay, all right. do not take any advice from me about cooking. okay? not happening. thank you kenny and nicole. closing bell ringing in about 5 minutes, just under 6 minutes. are the markets on fire or what? the dow is on track for its fifth straight day of gain
next week there's a ton of u.s. macro data that people will be paying attention to as they should especially now that we're in the middle of the sequester and debt ceiling so people will be very keen to listen to what these reports are going to look like. nicole: all right. we always love when you come on with us and give us some insight and so energetic about it. we appreciate that. it is exciting time in these markets obviously as we hit record all-time highs on the dow. liz: by the way, if...
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Mar 7, 2013
03/13
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in january you told us here that u.s. pages are in the best shape that they have been in five years. you just heard the stress test results. are you sticking with that view? what's your take on what you heard about the strength tests? >> i think it validates what i said this past january. our banks are the best capitalized institutions in the world. the problems for the banks going forward is not capital. the problem for banks going forward is making sure they originate enough loans. >> right. >> and they certainly have enough capital now. the capital will be there during these really incredible stress tests, and more importantly now it validates the tightening of credit spreads for these banks because they have a strong capital position that would be protecting them in these adverse scenarios. >> larry, will this let them really be able to lend in a much more bullish way against small companies? >> i actually think this is the whole plan for the federal reserve in the qe3 scenario. i -- i'm looking at the amount of cni l
in january you told us here that u.s. pages are in the best shape that they have been in five years. you just heard the stress test results. are you sticking with that view? what's your take on what you heard about the strength tests? >> i think it validates what i said this past january. our banks are the best capitalized institutions in the world. the problems for the banks going forward is not capital. the problem for banks going forward is making sure they originate enough loans....
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in the u.s. our most popular language is spanish. we also sell a lot of german and french commander in. outside the u.s. the most popular language, by far, his english. liz: that is nice. and less talk about pricing. there are a lot of free competitive web sites out there. this is what analysts worry about. free offerings that some people say live from baca, actually they're pretty good. out the beat them, how do you convince me that i should be learning spanish or swahili with you guys where it costs money verses the emirate is actually free an online. >> i think it starts with our product. it works. it is an effective product. it is time tested. we have been around 20 years. it is sophisticated. we have ph.d. design. this dough and sequencing of what we teach. it is also available on demand, 24 / seven. any time you wanted to midianite come anywhere around the world. so it is convenient. lastly, it is inexpensive relative to other tools that teach you. so class or tutor. and we believe strongly that the value proposition is here to
in the u.s. our most popular language is spanish. we also sell a lot of german and french commander in. outside the u.s. the most popular language, by far, his english. liz: that is nice. and less talk about pricing. there are a lot of free competitive web sites out there. this is what analysts worry about. free offerings that some people say live from baca, actually they're pretty good. out the beat them, how do you convince me that i should be learning spanish or swahili with you guys where...
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pushing u.s. aviation to new heights. all 80 thousand of us. busy investing billions in the industry's boldest moves. it's biggest advances in technology. bringing our passengers the best, the most spacious fleet in the sky. and earning more awards an any other airline... to show for it. so rather than simply saluting history... we're out there making it. if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could inc
pushing u.s. aviation to new heights. all 80 thousand of us. busy investing billions in the industry's boldest moves. it's biggest advances in technology. bringing our passengers the best, the most spacious fleet in the sky. and earning more awards an any other airline... to show for it. so rather than simply saluting history... we're out there making it. if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you...
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Mar 15, 2013
03/13
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and i don't mean in the u.s. you see all the major u.s. indices are up and europe is up fractionally. i want to show you what's going on over in the emerging market area. because china was continuing to drop. there's been concerns about them trying to tighten credit in china, so all the chinese markets are down. look at these declines here, and the global markets move in tandem. bottom line is, they're not. next week, two big events. the fomc meeting. and it's the last ten days of the quarter. the s&p is up 10%, but hedge funds are only up 5%. think there's a little bit of panic right now going on in hedge fund land? i think so. have a good weekend. >> and to you, bob. thank you so much, bob pisani. >>> despite all the launch of samsung's new smartphone, it still hasn't eclipsed rival apple in the eyes of the investors. take a look at the stock, up more than 2% on the session. and it may have been helped by what the widely respected bill miller, portfolio manager of the leg mason opportunity trust fund, said today on "squawk box." >> we ha
and i don't mean in the u.s. you see all the major u.s. indices are up and europe is up fractionally. i want to show you what's going on over in the emerging market area. because china was continuing to drop. there's been concerns about them trying to tighten credit in china, so all the chinese markets are down. look at these declines here, and the global markets move in tandem. bottom line is, they're not. next week, two big events. the fomc meeting. and it's the last ten days of the quarter....
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Mar 14, 2013
03/13
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joining me right now is tim leech of u.s. bank wealth management group, heather hughes is back with us, our own rick santelli and michael crofton at the philadelphia trust company. also with us is gordon. heather, can this rally keep going? do you think this has legs? >> i don't mean to crash the party, but there is something that may cause concern, give a reason for the bears to start partying here. the fed, i'm interested to hear santelli's comments coming up, but the fed, as we know, is easing. and with our debt at $16.5 trillion, in theory, if interest rates were to rise, just 1%, only 1%, that would then increase our interest costs, in theory, $165 billion. >> right. >> that does cause for concern down here across the street in d.c., as far as a budget deficit problem, and interest costs headed higher as interest rates tick higher. >> let me bring in a special guest here to the conversation, fresh from ringing the closing bell, alfred e. smith, the fourth wall street veteran and founder of a.e. smith associates. he's als
joining me right now is tim leech of u.s. bank wealth management group, heather hughes is back with us, our own rick santelli and michael crofton at the philadelphia trust company. also with us is gordon. heather, can this rally keep going? do you think this has legs? >> i don't mean to crash the party, but there is something that may cause concern, give a reason for the bears to start partying here. the fed, i'm interested to hear santelli's comments coming up, but the fed, as we know,...
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Mar 12, 2013
03/13
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second thing i'm watching are those february advance retail sales here in the u.s. u.s. retail has been a big growth engine. we need for that to continue. finally i'm watching jens widman of the bundes bank speaking in cologne tomorrow. >> he can say something in terms of the european story? >> he's one of the smartest guys in germany and all eyes are on germany with elections coming up in september. they're going tonight guys that save europe. >> we appreciate your time. up next, why activist investors should be picking their spots and sometimes they just pick the wrong ones. back in a moment. on their 401(k) to hidden fees. is that what you're looking for, like a hidden fee in your giant mom bag? maybe i have them... oh that's right i don't because i rolled my account over to e-trade where... woah. okay... they don't have hidden fees... hey fern. the junk drawer? why would they... is that my gerbil? you said he moved to a tiny farm. that's it, i'm running away. no, no you can't come! [ male announcer ] e-trade. less for us. more for you.
second thing i'm watching are those february advance retail sales here in the u.s. u.s. retail has been a big growth engine. we need for that to continue. finally i'm watching jens widman of the bundes bank speaking in cologne tomorrow. >> he can say something in terms of the european story? >> he's one of the smartest guys in germany and all eyes are on germany with elections coming up in september. they're going tonight guys that save europe. >> we appreciate your time. up...
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Mar 1, 2013
03/13
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>> well, our core economic assumptions assume that the u.s. will grow by about 2%, the uk by about 1%, and europe will grow basically zero over the planned period of three years so obviously when we think about capital allocation, we want to allocate it to places where we've got strong franchises and where the economies are growing, and that would be the uk, the u.s. and africa. >> isn't it interesting that even with the problems in europe, the uk banking system, plain vanilla banking, is doing very well. can you get a bigger piece of that market share? >> we are getting a bigger piece of that market share, and last year we grew our market share in almost every category in the uk because the last three years we've focused on putting the customer at the heart of the business. >> you keep mentioning africa. why is africa an opportunity for barclays? >> i think africa is a great opportunity and the macro economic environment is very favorable and increasing social and political stability. we've been in many of these countries for over 100 years a
>> well, our core economic assumptions assume that the u.s. will grow by about 2%, the uk by about 1%, and europe will grow basically zero over the planned period of three years so obviously when we think about capital allocation, we want to allocate it to places where we've got strong franchises and where the economies are growing, and that would be the uk, the u.s. and africa. >> isn't it interesting that even with the problems in europe, the uk banking system, plain vanilla...
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Mar 28, 2013
03/13
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FBC
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thee hottest app for children to learn the u.s. states, facts and figures, is called stack the states. click and drag. well, guess what? one $15 billion fund manager is stacking his stocks by state and his fund is breaking through the roof. randy bateman, chief investment officer, joining me now from austin, texas to share his favorite fundamental plays in his stack, and, yeah, i know stack the state because my son absolutely loved it, but i looked at that, and i immediately said that's what he does, stacking stocks statewide. how does it work? >> yeah. well, you know, we created this fund, a small cap fund, and we did so with a thought that perhaps they are in the small cap arena that could be a geographic advantage that competitors might be able to in their business environment be able to out perform other companies that maybe don't have a favorable geographic opportunity so we look at states that have immigration into the states, companies that are close to their suppliers, their raw materials, and states that, perhaps don't hav
thee hottest app for children to learn the u.s. states, facts and figures, is called stack the states. click and drag. well, guess what? one $15 billion fund manager is stacking his stocks by state and his fund is breaking through the roof. randy bateman, chief investment officer, joining me now from austin, texas to share his favorite fundamental plays in his stack, and, yeah, i know stack the state because my son absolutely loved it, but i looked at that, and i immediately said that's what he...
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Mar 26, 2013
03/13
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and i think cyprus was probably a gift to the u.s. treasury market, to help keep rates very low and attract save investors. >> and we welcome now tim leetch. cyprus to you is so yesterday. you're watching slovenia, right? >> that's right, bill. >> slovenia? >> slovenia. we're trying to look over the horizon, as opposed to yesterday. and when we see the banking pressure on countries like cyprus, we think about what's next. and what does this really mean for the stability of the banking structure in europe as a whole. and we're concerned, frankly. we haven't seen the structural repairment that the europeans have had to step up to do. and certainly, cyprus hasn't convinced anyone that the european leadership has their act together. >> so, yesterday, the sell-off was the fear, and this was inflamed by the dutch finance minister, that maybe the cyprus bailout was a template for future bailouts of other countries, should they need that. is that what you're thinking as far as slovenia goes? >> well, to a certain extent, it could be. and that
and i think cyprus was probably a gift to the u.s. treasury market, to help keep rates very low and attract save investors. >> and we welcome now tim leetch. cyprus to you is so yesterday. you're watching slovenia, right? >> that's right, bill. >> slovenia? >> slovenia. we're trying to look over the horizon, as opposed to yesterday. and when we see the banking pressure on countries like cyprus, we think about what's next. and what does this really mean for the stability...